$LINEA is showing a constant decline. The price of $0.01226 reflects the market's concern about the performance of its Layer 2 network.
The key to the downward breakout is the support at $0.01026. If the price breaks and stays below that mark, selling will accelerate, indicating a total lack of confidence, and LINEA could plummet to the $0.00500 zone. It is the point of no return in the short term.
For this to change, for the bullish breakout, the coin must demonstrate operational strength. The level to conquer is $0.01712. If LINEA manages to break and consolidate above $0.01712, it would mean that the technical uncertainty has passed, and buyers are once again interested, opening the way for a significant recovery towards the $0.02850 zone.
Right now, it is a struggle to stay within the penny range.
Do you see potential in Layer 2 solutions, or do you think LINEA's technical issues will keep the price below $0.01712?
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